Main menu

Maserati has ambitious growth plans that call for production of 50,000 units annually. The Gran Turismo Sport is shown. Photo by Maserati

Maserati Makeover: Italian luxury maker plans for dramatic growth

April 11, 2012

Share

Facebook

Tweet

Pinterest

Email

Maserati announced ambitious growth plans on Thursday to dramatically increase global production to 50,000 units by 2015.

By comparison, Maserati delivered 6,159 units in 2011, an increase of 8.5 percent compared with the previous year. More than 2,700 of those were versions of the GranTurismo. Maserati executives have said that the brand is aiming for growth, though this new figure would easily set a record for the marque.

While a potential surge could propel the brand higher on the sales charts, the surprising growth plans could change the image of the famous Italian luxury maker’s exclusivity, as the expansion would take Maserati into the territory of almost mainline manufacturing with factories in three locations.

To accommodate this, future production will be located in a former Bertone factory in Italy, which is being upgraded at a cost of nearly $660 million. Maserati says its present plant in Modena cannot handle the expansion.

Maserati plans to add three new models in three different market segments in the next two years. While not announcing specifics, it’s known that a production version of the Kubang SUV concept will be built on Jeep Grand Cherokee underpinnings in Detroit (the final model will not called the Kubang). Maserati is owned by Fiat, which owns a controlling stake in Chrysler.

The move mirrors a strategy by German sports-car maker Porsche, which has experienced significant sales growth around the world by adding the Cayenne SUV and the Panamera sedan to round out its lineup in recent years. The Macan, a smaller SUV, will launch in 2013. The 911 remains the halo car, but the Cayenne is the brand’s best seller, totaling 2,905 units through March.

Intriguingly, the sales spurt likely would push Maserati past Ferrari in global sales, as the Prancing Horse delivered 7,195 cars in 2011, a 9.5 percent uptick. Both companies are owned by Fiat, which appears to be maintaining Ferrari as the ultra-sport-and-luxury brand in the stable while making Maserati the relatively more attainable brand.

Additionally, another Fiat division, Alfa Romeo, will assemble a new model in Modena starting in 2013, reportedly the 4C sports car that is expected to come to the United States.

Maserati said in a statement that it will use temporary layoffs during a transition period, though it didn’t elaborate. Workers could be used at other Fiat Group plants.